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the viewers' equilibrium demand for high quality content. We find that, although consumers dislike advertisements, an …
Persistent link: https://www.econbiz.de/10013122127
and labour and its relation to derived demand. The resulting formula has proven very useful in understanding the derived … demand for productive factors, the distribution of factor incomes, and Marshall's Four Rules. This short paper notes that a …
Persistent link: https://www.econbiz.de/10012779812
Firms adjust to differences in market size and demand uncertainty by changing the frequency and size of their export … shipments. In our inventory model, transportation costs and optimal shipment frequency are determined on the basis of demand as …
Persistent link: https://www.econbiz.de/10013054497
In this paper we explore the role that demand uncertainty plays for the offshoring decision, and the role that … demand. The presence of a cost of firing or hiring as in Bagliano & Bertola (2004) generates an intertemporal element to a …
Persistent link: https://www.econbiz.de/10012986173
In this paper we conduct a counterfactual analysis and estimate the quantitative importance of demand and supply … isolate the impact of capital-skill complementarity (i.e., demand effects) and varying skill-specific labor supply (i …
Persistent link: https://www.econbiz.de/10013316312
, and the demand for private and public child care are simultaneously endogenized and intertemporally determined. We …
Persistent link: https://www.econbiz.de/10013317379
unpredictable (and unobservable) fluctuations in demand for life insurance as well as changes in risk type (observable) over … individuals' lifetimes. The presence of demand type heterogeneity leads to the possibility that optimal GR contracts may have a … whose type turns out to be high risk but low demand renew more of their GR insurance than is efficient due to the attractive …
Persistent link: https://www.econbiz.de/10012913273
The Dasgupta-Heal-Solow-Stiglitz model of capital accumulation and resource depletion poses the following sustainability problem: is it feasible to sustain indefinitely a level of consumption that is bounded away from zero? We provide a complete technological characterization of the...
Persistent link: https://www.econbiz.de/10013315930
Value function iteration is one of the standard tools for the solution of the Ramsey model. We compare six different ways of value function iteration with regard to speed and precision. We find that value function iteration with cubic spline interpolation between grid points dominates the other...
Persistent link: https://www.econbiz.de/10013316545
A long period of rig scarcity and high rates has led to innovation in the procurement of rig services and in relationships between oil companies and rig contractors. Discussions have been conducted on joint ventures between companies and contractors, for instance. This paper describes and...
Persistent link: https://www.econbiz.de/10013046056